DFX Intelligence
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Borrower
E••••• D•••••• I••
Commercial & Professional Servicesgroup grade Aoff every schedule since Jun 30, 2024sponsor unattributed
Also written as: 1; 2; Commercial &; Commercial & Professional Services; Software & Services
Nothing material in the last 200 days. Last change: 30 Jun 2024, Consensus mark 99¢ on cost, up from 98¢ a year ago, 101¢ last quarter.
Mark path, consensus per quarter end
98¢ · 99¢ · 100¢ · 101¢ · 99¢Q2 2023 to Q2 2024
Principal held
at least $27.5M
sum of BDC pieces, a lower bound
Fair value
$26.7M
99c on cost, debt pieces
Unfunded
Not disclosed
commitments not yet drawn
BDC lenders
1
1 on the latest quarter
Facilities
3
0 equity pieces beside them
Next maturity
Dec 13, 2029
no dated debt inside 24 months
On the tape since
Dec 31, 2021
latest Jun 30, 2024
Events
4
dated, non-routine
Lender marks
each lender's own fair value over cost at Jun 30, 2024, folded to one row per lender
| Lender | Exposure | Current mark | QoQ change |
|---|---|---|---|
| F• K•• C•••••• C••• | $27.5M | 99¢ | -2 pts |
Every BDC piece · 1 position across 1 lenderlargest principal first, with instrument and rate
| BDC | Instrument | Principal | Fair value | Rate |
|---|---|---|---|---|
| F• K•• C•••••• C••• | unstated lien unstated | $27.5M | $26.7M 99c | PIK 9.80% |
Capital structure as the BDCs see it
latest quarter end Jun 30, 2024
| Facility | Held | On cost | Pricing | Maturity | BDCs |
|---|---|---|---|---|---|
| first lien term loan first lien exited Sep 30, 2022 | at least $84.7M | 97c | S+550 bp | Dec 20, 2028 | 1 |
| other lien unstated exited Jun 30, 2024 | at least $27.5M | 99c | PIK 9.80% | Dec 13, 2029 | 1 |
| unsecured or subordinated subordinated debt unsecured or subordinated exited Sep 30, 2022 | at least $22.6M | 97c | PIK 9.80% | Dec 13, 2029 | 1 |
Through time
the borrower's pieces summed across BDCs, every quarter end
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2024 | 1 | $27.5M | $26.7M | 99c | 1 |
| Mar 31, 2024 | 1 | $111M | $110M | 101c | 1 |
| Dec 31, 2023 | 1 | $248M | $245M | 100c | 3 |
| Sep 30, 2023 | 1 | $110M | $107M | 99c | 1 |
All 9 quartersShow fewer
| Quarter end | BDCs | Principal held | Fair value | On cost | PIK pieces |
|---|---|---|---|---|---|
| Jun 30, 2023 | 1 | $110M | $106M | 98c | 1 |
| Mar 31, 2023 | 1 | $109M | $104M | 98c | 1 |
| Dec 31, 2022 | 1 | $217M | $206M | 97c | 2 |
| Sep 30, 2022 | 1 | $107M | $102M | 97c | 1 |
| Dec 31, 2021 | 1 | $123M | $120M | 100c | 1 |
What changed
- Facility left every BDC scheduleJun 30, 2024
- Facility left every BDC scheduleSep 30, 2022
- Facility left every BDC scheduleSep 30, 2022
- New borrower on a BDC scheduleDec 31, 2021
Sponsor
No sponsor attribution: no portfolio page, deal announcement or Form D signer consensus names an owner for this borrower group.
Identity
- Group key
- E••••• D••••••derivedthe codename stem after legal suffixes and deal words
- Spellings
- 1 across 1 BDCderived
- Industry
- Commercial & Professional Servicesreportedas one filer wrote it